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Search Results 0 to 27 of about 28
CSPAN
Dec 30, 2012 10:30am EST
friend, he and i have been together and political offices, a government responsibility for a very long time. more than three years. when he decided not to run again and my other colleague who was part of team north dakota was defeated, it was less rewarding for me personally to be here. less enjoyable for me to be here. i am sure that played a role. >> in your speech yesterday, you used the expression of the senate we efforts right yesterday, as the world's greatest deliberative body. do you think the public shares that perception? >> probably not. [laughter] we're efficient at producing results. -- deficient at producing results. what i also said yesterday was a there are problems here. the problems i believe are very clear is that we spend too much time trying to seek political advantage, too little time focused on solving the country's problems. i am sure that had a role in my decision as well. i really came here wanting to do big things. wanted to work on solving problems. there is been much less an emphasis on that lately and much more of an emphasis on how you get over on the oth
CNBC
Dec 27, 2012 4:00am EST
to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe
CSPAN
Dec 26, 2012 7:00am EST
a social security, medicare, medicaid. that is not the only entitlements. every government program that has a retirement benefit, a health-care benefit, those are entitlements, two, up to and including the entitlements for the congressman. let's be fair. when they start talking about entitlements and hold it to those three items, let's hold their feet to the fire and make them talk about entitlements for the other folks, too. host: appreciate you calling this morning. donna writes about this on twitter. if that to facebook here. -- back to you facebook here. budget showdown hits the keep week. that is of the front page reminding us of the deadline looming. it is a bloomberg story here out of the district. i you can watch the byplay here on the c-span that works with the president heading back to town tonight. the senate and house are due back tomorrow. billy from jacksonville, florida, to life for waiting. caller: i am very optimistic but i worry that the president will not get a chance because lindsey gramm already stated he will fight. i think there will already be another big fight for t
CSPAN
Dec 31, 2012 2:00am EST
] to listen to your -- [inaudible] and translate your views to the hard work of government. your meeting today will be young people ato -- the opportunity to debate issues that -- [inaudible] it's a big thing. i wish you the latest -- [inaudible] i look forward to hearing your debates. thank you. [applause] >> thank you for reading that. that is a delight to have the prime minister's support. i now call to say some words to us, the leader of the house of commons. mr. andrew. [applause] >> thank you, mr. speaker. [applause] thank you, mr. speaker. members of the you'll parking lotment, i'm debated to -- that righted to welcome you for the fourth annual sitting. the sitting have become an accomplished part of the parking parliament calendar. -- they have become so well established. and leader of the house, i am the representative of the government to this house of commons. and of the house of commons to the government. but today i am pleased to be able to be here to representative both the government and the house with you the youth parliament. i know, what is said here today will be heard both
CNBC
Dec 28, 2012 4:00am EST
thing the next government needs to do is actually nothing. if it does nothing, if it doesn't reverse the reforms -- >> what's interesting is what berlusconi is campaigning on is austerity. he's running on an ant anti-austerity pro eu package. while it's untenable, it does have a certain amount of certainly backtracking the fiscal returns for them. >> exactly. this property tax, i think that's a cause for concern. if you were to repeal that, the fiscal position on would be unsustainable and he would have to raise taxes elsewhere to make up for that. that would be some messy negotiations with him on a european level. markets would be very concerned already heading into the elections. the more noise we hear, the higher italian borrowing costs would be and if italian borrowing costs rise, one of the very important parameters which led to this drop in debt to gdp over these 15 years heading into the crisis would not be fulfilled any more and italy's position would be unsustainable because of all that noise. >> it sounds like a catalyst should this fall into place in 2013. that still remai
CSPAN
Dec 27, 2012 1:00pm EST
for anyone looking to become more familiar with how government works and the ins and outs of capitol hill. >> julie seger on c-span on verizon. c-span has been brought to you by your television provider as a public service. >> next, it is a global look at the economy with a speech by greek economist. among his many books, the economics professor recently minotaur" andobal natar we will show you as much as we can before the house gavels in at 2:00 p.m. eastern. [applause] >> ladies and gentlemen, france, -- friends, this is a singular honor to be a guest in this temple of civic life. thanks to all the good people for making this possible, to my publisher, the staff that are manning the barricades outside. my novel is debt crisis and the future of the world economy. i will be arguing that there is no such thing as a debt crisis. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some p
CNBC
Dec 26, 2012 6:00am EST
an actual all-time high again. anyway, among the catalysts, a new pro-business government preparing to assume leadership, incoming prime minister shinzo abe. what is it, 50,000 that it has to get to? >> 39,000 i believe is the peak. >> who's counting, right? that's a ways off. >> yeah. far away. >> shinzo abe has been putting pressure on the bank of japan to raise its inflation target in hopes of extricating the country from two decades of deflation. i guess if you just raised the target -- >> that would help. >> okay. >> it doesn't matter what your target is if you can't hit it. >> we found that out here. >>> meantime, in europe markets are closed for the boxing day holiday. seems weird to do it just for a bunch of people to -- >> box up the gifts and return them. >> it's not a -- >> bad, i know. >> it is boxing. what kind of boxing are we -- boxer rebellion? >> i've never understood boxing day. >> we have to look it up. >> i literally have no idea. >> or it's on google. no, is there anything on google that is different? let me see. just a regular -- >> is there their our way to fi
CNN
Dec 30, 2012 12:00pm PST
distract from what the country needs to do. we need to deal with our run-away government spending, the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reforming government. as long as tax increases are on the table, the politicians never even think about reforming government. >> i understand you've been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. what we're down to is largely a political battle over the increase in marginal tax rates based on what you earn. i understand there's a lot more to this puzzle. but on that front, because that's the one that gets most of the ink around here. it's the whether people who earn more than 250,000 or 2z 400,000 or a million should pay more tax. the point i'm trying to get at is that's not going to hurt the economy. that's all we're talking about. paying 4.6 percentage points higher on your income over 250,000, the evidence isn't there that that's going to hurt the economy. >> it will take t
FOX Business
Dec 24, 2012 11:00am EST
for government to keep raising the value added tax. we've seen it happened in spain, italy and greece and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components a
CNBC
Dec 31, 2012 6:00am EST
this is a broader issue about western democracy. unless the markets do put governments under pressure, it's not easy to come up with such tough positions and i suspect that is going to be the case. it will be a recurring theme through the year, i suspect. >> and that's what i was going to suggest, this idea that we're going to come up with cliff after cliff after cliff, that maybe we're into a whole year of cliff diving, your expectation, let's say we get through the cliff with a baby deal. we've had still a number of economists come on this set and talk about how we could still be -- maybe not in a recession, but continue to see a slowdown. >> well, the other way i've been trying to think about the past 24 hours, you look at the private sector, there are two sources of great encouragement for the u.s. economy, it seems to me. one is the domestic housing story. and the second is, of course, the remarkable thing going on with energy based around shale, gas and oil. if these two sources of strength persist, you know, is the disappointment about the cliff enough to negate those two things? i suspect th
FOX News
Dec 24, 2012 8:00am PST
overseas. that's right i heard me right. there are reports that syria may have used a separate government air strike that killed dozens of people waiting outside a bakery yesterday. they may have used chemical weapons for that. what may be more troubling is the report of seven others killed in an area currently controlled by the rebels when they inhaled an apparently poisonness gas sprayed by the syrian army. president obama had already declared that there is a red line regarding the use of chemical weapons on the syrian people. so now there are growing questions as to what if anything the u.s. cou should do if we are forced to respond. bob scales is a retired u.s. army major general and fnc military analyst. general, merry christmas, thanks for joining us. >> merry christmas to you too, jaime. jaime: you have to become more concerned about syria at this point. have they crossed the red line and should we respond. >> first of all let's be clear that most initial reports are wrong. it could be what is used is white phosphorus which is not a chemical weapon, when it's dropped from an aircra
FOX News
Dec 30, 2012 1:00pm PST
down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator thune. a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >> at some point, negotiating process, it appears there are things that stopped us fro
CW
Dec 30, 2012 8:30am PST
's insistence that the wealthy pay more in taxes. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital la
CNN
Dec 28, 2012 9:00am PST
this morning, saying the russian government's politically motivated decision will reduce adoption possibilities for children who are now under institutional care. were further concerned about statements that adoptions already under way may be stopped and hope that the russian government will allow those children who have already met and bonded with their future parents to finish the necessary legal procedures so that they can join their families. and as matthew said, there are just about 50 children that are in the pipeline right now. what senior state department officials are telling me is that they're hoping to get at least those through the pipeline, those children who have already met these parents to be able to be united with them, and then they'll work on trying to lift the whole ban, suzanne. >> elise, is there any kind of advice they're giving those families, those americans, who have already met with their potential children? what should they be doing now? >> reporter: well, right now all they can do, suzanne, is sit tight. they really -- the state department is working on these childr
WETA
Dec 31, 2012 7:00pm EST
.s. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
CNBC
Dec 27, 2012 9:00am EST
geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still
CNN
Dec 31, 2012 2:00am PST
the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped up the fire power against the opposition, civilians caught in the crossfire, more than 40,000 people have died so far. >> reporter: this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai. she survived, wake up in a british hospital and, according to her father, immediately asked for her school books. the world was gripped, moved and inspired by the story of one determined young girl facing down an entire network of armed militants and winning. zain verjee, cnn, london. >>> next, the stories that
PBS
Dec 31, 2012 3:00pm PST
rules so that your paycheck doesn't actually change. on the spending cut side, on the government sequester side, that is not solved, not clear that it will be. they may have to come back at that one. >> woodruff: so todd, at this point what you are watching as a reporter who has been covering this? the action is where? >> the action is in the senate democratic caucus. you're watching for a briefing that democrats want from the white house on the outlines of this deal. they want to lear from joe biden or one of his representatives. how did you arrive at this deal and what does it mean for us. you're watching for senators idea logical senators on both sides of this deal, liberals up set that the income threshold at 450, conservatives up set that there are no spending cuts in this deal t is all revenue. will somebody slow it down and block it. you have to watch it on the stat side because that pushes the senate over the cliff too. on the house side, once they're aware of what this deal is, how many votes can john boehner get on the republican side until you get to 218 through any co
CNBC
Dec 27, 2012 6:00am EST
fiscal cliff deal. meantime, treasury warns the government will hit its legal borrowing limit by monday. it's thursday, december 27th, 2012 and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will tak
CNBC
Dec 28, 2012 6:00am EST
value, at the turn of the 20th century where government spending was 9% of gdp, we're now at 25%. there are some that say, take what we give you and retrofit government to the size of 19% or 20%. do that first. he just wants to shrink what it's grown to, this unwielding federal government that -- don't you think 25% needs to come down? >> well, part of that is cyclical. >> okay. so at 3%? >> 21, 22. >> i would say 22. >> so we have to get it down to 20.5. >> the three big beasts in the budget remain medicare/medicaid, social security and defense. you have to cut almost everything else to zero to get close to balance or to make a big difference. so i think in today's world, given that those entitlements, even if you reform them and cut back back will increase as people like us eventually retire. it seems to me that sizing the government for something around 22 or so is probably doable. but not easy to get to. because you still have to have major cuts and major long titlement reform to get there. >> you see one of the major ceo guys, and i'm not going to quote which one, said yest
CNN
Dec 30, 2012 3:00pm PST
enough revenue to cover government for agent eight days, seven or eight days and what do you do with the other 350-plus days leftover? you cannot continue to run trillion dollar deficits every year, because we are already at $16 trillion in debt. what we have is a debt crisis and quite frankly, i think that to our children, to our grandchildren, it is absolutely immoral that all of this would be kicked down the road, kicking that can down the road, and then heaped over on their heads. >> well, it is a little bit immoral that it is happening today and forget the grandchildren, but how about us? >> well, i agree with you, and well, that is why you have got inaction that you are looking at. hr-8, ali, that was a bill filed in january 2011 by the speaker. the senate knew it was coming to them, and the house knew it was coming to the floor, and they worked the bill and they got bipartisan support and that would have extended tax reductions for everybody. >> right. and it had bipartisan support, so that the thing is that it is inaction, and quite frankly, i hope that my colleagues in
FOX News
Dec 27, 2012 10:00am PST
majority leader harry reid now saying that it appears that the government will miss the deadline for avoiding the fiscal cliff. so what will that mean, and how will america respond come january 1st? gregg: new developments in the investigation into the deadly connecticut school shooting. jenette sises have been asked to study the gunman's dna. what can they learn about it? gregg: severe weather alert. winter warnings in effect as a brutal storm is sweeping through the u.s. it brought massive amounts of snow and even tornados to parts of country and claimed at least 15 lives. illinois was no exception. major problems on the roads as snow and sleet pounded the area, forcing some businesses to remain closed. maria molina is keeping an eye on the storm from the extreme weather center. we're going to get the latest, top of the hour. >> new year's eve is fast approaching and for decade and decade the american people have watched the ball drop in times square. it is the countdown to midnight, the start of a new year. but this year, mr. president, the american people are waiting for the
CNN
Dec 31, 2012 9:00am PST
and what the tax rates are going to be on, it will pay for at the most a week of what the government spends. you still have to deal with the other 358 days of the year. that's why wref to focus on how we spend the taxpayers' dollars, and most taxpayers think the money is being wasted. >> senator, thank you so much. we appreciate your time. of course, we are waiting for the president. he's expected to speak at the south court auditorium at the white house. this is happening at 1:30, about ten minutes or so away. we're very interested in whether or not the are meaty details, significant progress made from both sides. we have an outline and framework and based on the talks and negotiations taking place between the vice president and the head of the senate on the republican side. we will see if, in fact, they are making any real, real progress or if this is just a push from the president, a tactic to push the republicans and to get public support by using the bully pulpit there at the white house. we'll bring that for you just moments away. orrexion® deep wrinkle night cream. it's clinically p
CNN
Dec 28, 2012 4:00am PST
-home pay shrinks and the government spending gets slashed if elected officials cannot figure out a way to get compromised, all in the hanlds of the six leaders. this afternoon the president, vice president biden, senate majority leader harry reid, house minority leader nancy pelosi, all on the democratic side, mitch mcconnell representing the republicans, white house correspondent brianna keilar, the house doesn't return to work until sunday so they'll work on a framework hopefully could get voted on sunday evening we might have a deal before monday. am i being ridiculous? >> reporter: maybe not sunday evening, maybe on monday, that's the best case scenario but ali, i will tell you talking to sources this morning, even though technically it is possible for there to be a deal, it seems increasingly unlikely. i'm hearing a real lack of confidence that we don't go over the fiscal cliff and i think the expectation is that perhaps we go over it for a day or two, and some are rationalizing that you can go over it maybe for a day or two, and it's still going to be okay, that it's something th
CNBC
Dec 31, 2012 9:00am EST
years, up 56%. iron ore prices. that's a real lead on demand. and especially as the chinese government makes all these nods toward urbanization plans and the need to update and invest in infrastructure. these are the areas where you want to be. >> yeah. also ties into what clearly will be one of the bigger stories of next year. and that is central banking wars. japan is right next door, dan. >> this is a story that is getting not as much play as it should. but the dispute going on between china and japan is quite stark right now. and i see on the interweb that is a chinese think tank has come out and said conflict between japan and china is inevitable in 2013 and 2014. this is a real debate. simultaneously lost in the debate over the election of abe and his push for abe-nomics is the fact that this is a very nationalistic individual. his first term in '06 was characterized by a lot of nationalistic policies. we'll see how that plays out with respect to the ongoing debate. >> we have to take a break here. the markets are looking for some direction after fiscal cliff negotiations stall.
CNBC
Dec 27, 2012 7:00pm EST
them and the government knew where they were because they were all registered were required to hand them in even the target shooting olympic team was not allowed to keep guns in the country and they had to practice and keep their guns abroad, but nonetheless, within the decade of guns being withdrawn from these people gun crime with handguns actually doubled and guns are really are awash on the streets and there's a fair amount of street crime using handguns which there hadn't been much of before, and it's beyond which was something that traditionally they never were. so it hasn't worked and what it has done and it's taken the guns away from the law-abiding people that might have used them to protect themselves or to do something else with legitimately. >> what do you say to people who look at united states and say, wow! random mass murderers -- i heard it today. random mass murders in the united states where some whacko killed a bunch of people he doesn't know seems to happen every six months in the united states and it doesn't happen as often in other places. are they wrong about
CNBC
Dec 28, 2012 12:00pm EST
the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting the budget situation and tax situation set. that has only come on as an issue recently. you talk about pent up demand for the market over the last month. pent up demand has been in corporations spending their 2 trillion in cash over the last year in advance of settling this situation not the debt ceiling. >> let me also say mike before we let you go just to revisit the to revisit the trade you brought last week which was a winner tan that was long tlt, going long treasuries, that still work for you? >> well it still works i think as long as the process gets dragged out. what the bond market is not going to d
CNN
Dec 31, 2012 4:00am PST
we have so-called continuing resolutions which allow government to keep on operating. >> this will go on and on and on. he is right. and we have one deadline after another. this big fight -- congress for ten or 15 years has set us into this frenzy of deadline after deadline after deadline. 11th hour. >> it's not good. if your taxes might go up next year, what about your fwroshry bill? the deal that could affect milk prices coming up next. you're watching "starting point." ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching
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